More of the details I’d say is… Given that we have a increasing higher living cost in San Diego, it seems like there are 2 primary ways to survive here.
1. Be part of the new industry/professions/jobs whatever that are commanding the higher paying compensations to allow you to absorb these higher living costs in san diego
or
2. don’t be part of the new industry/profession/jobs/whatever that pays differently now, but ensure that you have taken appropriate steps to keep your living costs capped…IE you bought a house years ago when you still could….
See not everyone here in SD must be working in those new high paying jobs in order to survive. Those people that bought their homes years ago, can continue to operating as is since they capped their living expenses more or less even while home prices/rent are sky rocketing. So while they might not be the most employable and be able to obtain the highest paid current jobs…frankly, they don’t need to in order to remain in san diego….
It’s one of the main reasons why I went into rentals. Because I knew there was a day where my skills and age isn’t the most desirable and I wouldn’t be able to command the highest pay that keeps up with higher living costs, as most engineer’s salaries tend to taper off and run flat much sooner than other professions…and so a lot of my financial decisions were made outside of engineering to mitigate WHEN (not if) that occurs….Let’s not even talk about changes to taxation policies that could flatten that earning curve much sooner, considering in some cases, that W2 income would be considered by some as “rich” and be taxed more, with very little things you can do (IE no real tax shelters for W2 salary slaves)….Fortunately for me, I’ve been able to overextend my stay in engineering beyond what I thought I would have been allowed stay in this field…by simply moving into management to prolong the eventual career death I’m pretty confident I will eventually experience, short of starting my own company that is profitable…which all else being equal, I’d rather open a Boba bubble tea place, lol.
